southland mall sold

[4] Lord & Taylor closed in 1990 and became Mervyns in 1991. For more information, visitwww.electramerica.com. It could work at Southland mall. If residents along that corridor will ride the upcoming BRT system in sufficient numbers, they can make a case for extending Metrorail. 510-266-6640. The new ownership team envisions a city within a city for living, working, shopping, and playing that will feature more than 4,000 residential units, over 500,000 square feet of curated retail, and exciting dining and entertaining venues at the existing mall, with an additional 150,000 square feet of prime retail space and outparcels for food and beverage operators. There are thoughtful professional DOT blueprints, proposals and discussions easily available on the web for those interested in this critical topic. Miami got the sun, sand and the beach. Our news is free and we intend to keep it that way. Language links are at the top of the page across from the title. Download this white paper and dive into location intelligence data to see which 10 retail brands are dominating their local market and making a mark on their region -- and beyond. Language links are at the top of the page across from the title. The entire community will feature bike and golf cart paths, pedestrian walking trails, and trolley stops to minimize the use of cars. *This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales. Wd dont want anh more peopke and traffic. AURORA, Colo. ( KDVR) Four people, including a minor, were arrested Sunday night following a shooting at the Southlands shopping mall and a police chase. google_ad_width = 125; 1. Are you saying that Minneapolis real estate is affordable because people have been leaving the city for decades? Spencer's (305) 234-5471. Fun Minneapolis facts: Lucky's closed its doors on August 2, 2008. Supply and demand. It was built in 1966, becoming the first enclosed mall in the Mid-South. You may login with either your assigned username or your e-mail address. CommercialEdge. [2], Most of Southland was developed in the early 1960s. It now has nearly 100 tenants, including anchors Macy's, JCPenney, TJ Maxx and Ross. There would be a tax increase in some form to pay for it. Just hit yes and continue on your way. Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com. A limited liability company named Southland Mall Shopping Center LLC last month bought the property from Memphis Joint Venture, financing the purchase with a $17 million loan through Wachovia Bank. Southland Mobile Accessories. "Mr. Belk's commitment to the property, the extensive renovations completed in 2005 restoring Southland Mall to its prominent position as the flagship of retail businesses in Whitehaven and unique business strategies have placed Southland Mall on the road to continued success.". Did everyone not reas the the article? The connection hasnt been madeand Im curiouswhat does Minneapolis have to do with greater Miami? "Cutler Bay is the geographic center of the county yet there's very little opportunity here for jobs, very little opportunity here for entertainment, and this could be the spark that changes everything," added Meerbott. The $$$ isnt there for it. Others have shifted their presence to focus on ecommerce. The former Richard's/Burdines building was torn down for J. Luria and Sons, a local catalog showroom chain, which opened at the mall in 1994. Photo by Philip B. Poston/Sentinel AURORA | With thousands of cars cruising by on the E-470 toll road everyday and a steady stream of new rooftops in the neighborhood, Southlands Mall doesn't struggle to lure shoppers. This is a preview. Unlock data on CommercialEdge. And todays most quickly growing access control solution leverages what almost everyone today keeps with them at all times: their smartphones. of floors. So there is no ridership.but WE NEED a $100 gazillion metrorail expansion. Taxpayers half cent sales tax increase paid for the 2.4 mile airport Metrorail expansion, plus maintenance and repairs to existing Metrorail. "It's an embarrassment here, it's dilapidated," said longtime Cutler Bay resident Dahlia Canes as she walked around Southland Mall. The population in the state of Florida is about 22.3 million people or more. Built in 1966, the property includes the 291,000-square-foot middle portion of the mall but not the part home to Sears or. Id rather Metrorail be extended to Miami Beach east, and Little Havana, Doral, and FIU west, before any extension southbound into a low-density suburban area. The mall was largely destroyedby Hurricane Andrew in 1992 and rebuilt the following year. Southland Mall at 1215 E. Shelby Drive has sold for $20 million to a New York-based investor. "Thanks to all of those who participated. Some people may have been surprised when it was announced on various real estate news websites that Cutler Bays Southland Mall, 20505 S. Dixie Hwy., had been seized by Wells Fargo Bank, representing a commercial mortgage-backed securities trust, as the result of a foreclosure auction on Feb. 10. Steve & Barry's moved into the former The Good Guys! In January 2007, Mimi's Cafe opened. The excitement grew with the performance by Millennium M.A.D.D.ness Drill Team. This is why so many people are being bled out of Miami because the quality of life there sucks now. Connect To Your Customers & Grow Your Business. Copyright 2023 Bisnow. The store closed on February 14, 2020.[13]. / CBS Miami. Akin to Los Angeles, Miami *used* to have a light rail network that was ripped out in favor of automotive transportbig mistake. It has failed to see the electrifying sign language of images.Camille Paglia (b. Its really easy to research. The peak population of Minneapolis was in 1950, when its population was 521,718. Southland Mall, originally known as Cutler Ridge Mall, is a shopping mall in Cutler Bay (formerly Cutler Ridge), Florida. CommercialEdge. The new, fully enclosed mall included a Woolworth and JCPenney. Pyramid Promises Access researched data with nationwide coverage on Southland Mall is the large retail landlord's first Memphis property. In 2006, Old Navy closed. For more information, please visit www.alapts.com. Plans are being developed for beautiful residential spaces on excess land. google_ad_width = 125; Southland closed in 1985 and underwent an extensive remodel that left it unrecognizable, reopening as an indoor mall with a new name: Promenade. Not gonna happen. 3 years agobefore The Great Inflationit was estimated by MDC the cost of each additional mile of Metrorail tracks would be $150 million, while constructing a light rail line would require $1.5 billion. Southland Mall is an enclosed shopping center featuring nearly 100 stores, dining, and entertainment options located in Cutler Bay, Florida. Southland Mall | Houma LA The mall is primarily a single-level structure, with a small lower level beneath JCPenney, a movie theater, and free standing restaurants in the outlying parking areas. The mall also features a movie theater, LA Fitness, DSW Shoe Warehouse, Victoria's Secret, Old Navy, TJ Maxx, Buffalo Wild Wings, and Ulta. google_cpa_choice = "CAEQjMGkgwIQ0MCkgwIQlMCkgwIQ2L-kgwIQnL-kgwIQ4L6kgwIQpL6kgwIQ6L2kgwIQrL2kgwIQ8LykgwIQtLykgwIQ7Pa39gEQsPa39gEQ9PW39gEaCPGka20_VnAHKJDD4IEBKJDD4IEBKJDD4IEBKJDD4IEBKJDD4IEBKJDD4IEBKJDD4IEBKJDD4IEBKJDD4IEBKJDD4IEBKJDD4IEBKJDD4IEBKJDD4IEBKJDD4IEB"; 6796 SW 62nd AvenueSouth Miami, Florida 33143(305)669-7030, Miami Community Newspaper Sponsored Content, Latin Builders Association Community News. However, the list below shows better . But officials of the Town of Cutler Bay say they were prepared for the possibility and had begun making arrangements for the likely outcome, since area residents who shop and go to movies there and the many hundreds of people employed there could be impacted. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing. What a bunch of satanic Liars and hypocrites. He said Florida not Miami. Finally, BH Group will continue to succeed by nurturing its strong relationships in the real estate market. The site is conveniently bordered by the Florida Turnpike on the east and U.S. 1 on the west, placing it on major commercial crossroads in suburban Miami-Dade County, directly along the new South Corridor Rapid Transit Project, expected to open in . The developers plan is in accordance with the Towns code and will not be seeking any special approvals. He weighed 261 pounds, according to newspaper advertisement he placed in a special supplement about the grand opening of Southland Shopping Center in 1965. Southland Mall was dedicated in 1964, added to the previously existing Sears. We will email you a link to reset your password. Oh ,almost forgot,tens of thousands of new riders. We want to take 15 seconds to tell you what's going on: Sound good? Public records from the Shelby County Register's Office show the address of the LLC as that of Aurora Capital Associates in New York - the same address as that of The Cayre Group Ltd. The PR company representing the developers sent CBS4 the following statement: "The mall will be dramatically renovated and upgraded. Nobody is saying it should be free. In February, Ford City Mall's owner, iStar Financial, hired Jones Lang LaSalle to sell the shopping center that it acquired from Sam Zell in late 2012 through a deed-in-lieu of foreclosure. The original shopping center opened in 1960, anchored by Food Fair (Pantry Pride) and Richard's, which later became Burdines. no different just a fancier bus stop; or fancier place for homeless population to sleep in. With an endowment from The Azarius Fund? 1947), All history and art are against us, but we still expect happiness in love.Mason Cooley (b. We would go to that mall a lot in my childhood years. google_ad_client = "pub-3056635427836124"; The name Southland, the mall is located in Southern Alameda County. Not at the federal level (most important) and surely not at the county level. The new owners are planning for a mixed-use redevelopment of the 80-acre site with commercial and residential components. The center is located off Interstate 880 at Winton Avenue, at the western end of the city. Call 305.669.7030 or view our Media Kit. More Details. The CMBS trust. There is no county money nor federal money for this. In 1995, a new Mervyns store opened, replacing Joseph Magnins, an earlier Southland store. All Rights Reserved. Southland Mall features JCPenney and Macy's as its anchor stores. It became the new flagship of the Hayward-based department store chain. A 7 story bedroom community is just going to cause more traffic/congestion in the area of that mall. Electra America and BH Group recently announced they have purchased the former Sears building on the Mall's site. Southland Mall features JCPenney and Macy's as its anchor stores. Pleasenote that Town Hall is a drug, alcohol and tobacco-free workplace. Southland Mall is a regional shopping mall in the Whitehaven neighborhood of South Memphis, Tennessee. A Miami-area mall has been seized by its lender, which won a Feb. 10 foreclosure auction with a $2,600credit bid, the South Florida Business Journalreported. The development team acquired the mall and adjacent parcels totaling 80 acres in May of this year. On Aug. 26, the 40 Years Walk/Stroll began at 8 a.m. and showed appreciation to Southland Mall's faithful mall walkers by giving free T-shirts and Coke products. The property tax for Southland Mall - 20507 South Dixie Hwy in 2022 was $94,936. Truly the mall desperately needs renovation, & proposed plan would satisfy housing for many people. It will go from Homestead to Dadeland station. What is more important , what will the People get for the tidy sum of $ 368 million. On April 29, 2022, Southland Mall was sold to Electra America and BH Group, a Miami-based private real estate investment and development firm, for $100.35 million. The name Southland, the mall is located in Southern Alameda County. I did too. Steve & Barry's closed in late 2008. The quality of life will go down hill in a hurry. Centennial scooped up the mall at 1675 West 49th Street by assuming. There are 2 retail spaces for lease in the Cutler Bay city, totaling 6,000 SF of available retail space. Not enough people are riding the bus and that is the excuse the city will make to not expand metro rail. List your spaces with ease and generate only verified leads with CommercialEdge Marketing. The landmark property, co-owned by Investcorp and Gumberg Asset Management Corp., had been having financial difficulties for years. Nine bays of the 76 in the mall and on the outparcels are vacant, he said. Electra America is a partnership between The Lubeck Family and a subsidiary ofElectra Real Estate Ltd., an Israeli company founded in 1972 and publicly traded on the Tel Aviv stock exchange (TLV: ELCRE). Leveraging decades of expertise, Electra America is committed to transparency, the alignment of interests between sponsors and investors, and delivering superior risk-adjusted returns to its investors and partners. MD County recently was awarded $1.2 billion in federal transit money, and none of it is earmarked for Metrorail or Metromover expansionits for repairs and maintenance to existing systems. Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business. Exclusive discounts on ALM and GlobeSt events. (786) 393-7192. Investcorp's $65M commercial mortgage-backed securities loan, issued in 2014, went into special servicing in April 2020. Level boarding. Delivery. "There isn't as many people as other mall so hopefully the new management it will get better," said Carlos Salas. Some people may have been surprised when it was announced on various real estate news websites that Cutler Bay's Southland Mall, 20505 S. Dixie Hwy., had been seized by Wells Fargo Bank,. thats the biggest problem. The stellar team at BH Group brings complimentary skills to the real estate market including acquisitions, construction, design, capital structuring and asset management. The Southland Mall in Cutler Bay was sold to Electra America and BH Group. But its time has passed, and its time for something to meet todays needs. The reinvention of the Southland Mall into Southplace City Center, a vibrant, mixed-use transit-oriented community with live-work-play options, promises much-needed relief for a city suffering from a major housing shortage, MIAMI (September 20, 2022) Electra America, a real estate private equity firm focused on value-add and opportunistic investment in the Sun Belt region of the U.S., along with its U.S.-affiliate, American Landmark, and BH Group, a Miami-based private real estate investment and development firm, today unveiled preliminary plans for the redevelopment and reinvention of the Southland Mall in Cutler Bay, located approximately 20 miles south of downtown Miami. Just before 10 p.m. Sunday, Aurora . The busses will run on NatGas or electricity and the travel lanes are dedicated to the BRT and trigger crossing gates the same way the the Metro rail would trigger gates. It will be open next year. In September 2009, Kohl's took over the Mervyn's store that had been shuttered earlier in the year. Home | Southland Mall Electra America is a real estate private equity firm focused on value-add and opportunistic investments in the U.S. Sunbelt markets. BH Group is a Miami-based real estate development firm focused on the ground-up development of luxury projects throughout South Florida. ;(. Find property contacts with verified and updated contact information on A Kmart store closed in 2017 and a Sears closed in early 2020. For more Miami community news, look no further During the few months I have been studio Artist-in-Residence, Town officials preparing for changes to Southland Mall, www.dropbox.com/sh/hfjb3syv30f23j6/AACZhJB8vv0SA4Mcbsb78d5za?dl=0&preview=Cutler+Bay+Town+Center+2019.mp4, Kendall Toyota celebrates with Miami-Dade Teacher of the Year, Despite COVID-19, Dor Chadash holds safe, festive Purim event, Grant Miller Joins Christopher Columbus High School LINK Club at Night Of the Stars, Coral Gables Swearing In Ceremony Photo Gallery, Deering Estate Artist-in-Residence Spotlight: Andres Cabrera-Garcia. Now public records are giving a little more information about the buyer. www .southlandmallmemphis .com. You can kick the entire amount of people that live in Minnesota out of Florida and still Florida will have a population thats almost or probably is three times larger that Minnesota. Mall walker Veronica Terry donated to HOPE Foundation, founded by Mother Wit, to help children infected with HIV. On July 10, 2020, it was announced that Sears would be closing as part of a plan to close 28 stores nationwide. A Liberty House (later Emporium Capwell and then Macy's) was part of a major expansion completed in 1972, which included an indoor ice rink. "It would be a good opportunity, but the high-quality, high-pricing housing, a lot of people can't afford that," said Cutler Bay resident Latoya McCray. Gifts also included a trophy, an air-brushed shirt from Air Xpressions and a gift certificate from 4Ever Young. Southland Mobile Accessories (786) 694-1804. (which had been the ice rink). Southland Mall Holiday Hours. JC Penney at Southland Mall in Cutler Bay, Florida, south of Miami. Southland Mall, which opened its doors to the community in 1966 as the first enclosed mall in Memphis, celebrated its 40th anniversary last month. On Aug. 23, an appreciation ceremony was held to recognize the accomplishments and successes of the mall throughout the years. "It's great that Southland Mall supports the community providing a safe place to walk," said Gwen Nelson, an eight-year Southland Mall walker.